write a note on emerging software development business in India.
Analyse the reasons which led to the development of India as an IT hub
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Answer:
Information Technology in India is an industry consisting of two major components: IT services ... India's IT Services industry was born in Mumbai in 1967 with the creation of Tata ... while a joint India-EU Software Education and Development Center will be located ... Kolkata is the financial and business hub of Eastern India.
The main cause of the rapid development of software industry is its vast reservoir of technically skilled manpower which has transformed India into a software super power.
Talentica Software is a software development company that helps startups build technology products. Over the last 17 years, based in Pune, India, the company provides custom software development, AI, and blockchain solutions for startups and small to midmarket businesses.
India has long branded itself as the world's leading outsourcing destination for global companies, particularly for those in the technology sector - but in the Fourth Industrial Revolution, the time is ripe for the world's most populous country to reinvent itself.
There is a burgeoning start-up and innovation culture, as shown by the Global Innovation Index, where India has improved its ranking from 81 to 52 between 2015 and 2019. In addition, the country has improved its reputation in terms of the risk posed to foreign investments and, in 2019, ranked third in the world in terms of attracting investment for technology transactions.